Member Info for Onthemoney

I think it's a potentially exciting prospect. Reynolds no doubt has plans to use the Hubco shell as part of his company rejuvenation of NEW fortunes. I'd much rather the company embrace The BigSofa than have the loned money back and the management sag steering at the cash pile.

The only hope we have is if AR sees the NEW current business predicament as a personal afront and is still determined to turn this round, which he is more than capable of doing IMO. If AR calls it a day despite the critical voices illustrating he's so called ineptitudes during the saga, a sentiment I don't concur with, NEW will sink without a trace and no prospect of moneys will be seen again.

I said from the outset when some were crying about NEW decision to switch focus and associate with the BigSofa by way of RTO that if all was well and good the potential for eventual company growth was huge. Still of that opinion and it was the correct move but AR and team to target this company. It's a crying shame however that historical associated baggage relating to individuals past dealings and credibility has prevented NEW benefitting from potentially excellent prospects. So it looks like the borrowed funds will be returned but with no stake in BS thereafter, the cash return is great in reality will represent a somewhat hollow victory with a delisted company with cash but no business in which to invest for future growth.

Would be interesting to get some feedback to the claims table within that text.

Wigwarmmer, just in case you missed this read. Adammark identifies clearly his perception of the investment leaving people in no doubt: Just thought I'd cut and paste as you seem to think green shoots can prevent an sestemic fault with the IMTK business ideology. Adammark Post: "The company did around 15% of revenue from services - now off a much lower revenue number it is around 22%. There were other much larger companies in the market for innovation services who had been operating at bigger scale. Strategos, a consulting firm with a tech solution, was on $22M in annual revenue, Doblin Group (later bought by Monitor) had around 10M and also built software. Both did a LOT more consulting that IMTK did then - and definitely more than what they did now. The mgmt reports to the LSE stock holders is written for people who know nothing about the industry and really would look at this stock as a punt. Which might make sense if one believed FinnCap's eternal 5P target for the stock (renewed for the second year and they ignored the whole 'will break even in 2015... thing'). The company is too toxic to be bought (too much debt with 1.4M liabilities from the accounts, excessive management contracts that would need to be bought out), old technology, consultants (bah - high overhead, dead easy to find as contractors), etc. But with Cooper on 30%, and his attitude towards discussions being not entirely other-investor friendly, the company is the walking dead. Now it might go up 1p... to double your money - but always look at the spread on AIM. With this stock you would need a 2X return to break even practically... And if you track back over time they sold off a lot of stock at higher rates (raising 9M over the last 6 years - every time at around 25-50% less a price than the past round) so there a lot of people sitting on losses that would be crystallized as soon as it is worth selling (ok, likely never). IMTK = zombie.......

The share has been one of the great disappointments on AIM for beleaguered investors. How many times have the Jam tomorrow stuff been peddled out to no avail. It's a lame duck share that has gravely disappointed for a long time ....that is the reality. Good books to read called " Group thinking or Blind Alley Investing.

Wigwarmmer, you see a great future for this company based on what .....you've still been unable to convince me. I am unable to give a valuation on this company because there appears to be one negative connotation after the other.. It would be a brave or misguided observer willing to value a company that appears to be walking in quicksand.

Wigwarmmer, hang onto those " free shares buddy". I hope their value down disappear like grains of sand in your hand. :-)

The current valuation speculation about as effective as " an ashtray on a motorbike".

Quasimodo supposedly shouted " the bells ....the bells". Our resident cheerleaders shought " the valuation....the valuations". :-)

Wigwarmmer, get it right mate......I spat out the coffee uncontrollably while reading lame response to Adammarks downbeat but painfully accurate contextual breakdown of where IMTK are really at this moment in time. The smoke and mirrors stuff is classic. Revenues booking down 10% bro. The company expects a substantial loss ......you know the rest its been illustrated in Adammark post. Oh....perhaps it's better to dodge the claims and talk about share valuation which even my favourite artist Stevie Wonder could see, in reality are a lot less than current value based current outlook. Your drowning brother, should I order that taxi now or when the results keep listing excuses and promising Jam tommorow. Any chance of refuting Adammark listed claims ......nope I thought not :-) Great entertainment. I thought King Kunute was fictional :-)

I spat my coffee out when reading your response to Adammark post illustrating the struggling trend of the company fortunes. Expected a detail response refuting with contrary evidence his damming indictment and clearly indicating that the company continues to lose its way. Your faint response about currency will hardly go down as a Buffett like (lightbulb) moment, more akin to the "grip of a drowning man" metaphorically speaking old chap. You keep on banging the drums fella ....if your theories or is that fairies are right we should be breaking even within months ....yeah right !!! and Lionel Messey is going to join Sunderland and I've seen Elvis in the chip shop :-)

Wigwarmmer, your "Custers last stand" performance is admerable but but belongs in the "Mystic Meg" chapters not IMTK. As illustrated from data here earlier, revenues falling by almost 10% period 2015, IMTK will report a continued substantial loss ( of that there is no question), despite all the talk no real indication of making any significant inroads into the American market as their marketing people had been banging on about. So the company appears to be chewing away at the placing funds which fell short of their target by more than £400,000, probable liabilities in the region of 1.4m not the 900k creatively projected, in reality the company continues to leak money at an alarming rate as the first 6 months trading illustrate. Yes I listed on here many times about the silly cheerleaders from the company whipping up false enthusiasm about the possibility of ' breaking even' which in reality is and has been for some time a long way away. The share price jumps over 30% one minute only to fall off the cliff the next with no rhyme or reason. Investors have seen their investment consistently fall short of management promise for years and you silly claim that the company has mover 70% closer to making a profit I think could easily join thoes chapters of thoes that got it wrong ....Custers last stand and Mystic Meg come readily to mind. Oh you mention something about " free shares". and share valuation, as I'm sure you've observed, the markets after years of chronic underperformance don't know whether to Sh___ or Shave with this company that is clear, so you can put a romantic twist on the figures as you like blatantly ignoring the truck load of other trends/data that suggest the company is still treading through tricle if you like but remember ......The King didn't have any cloths on " despite the claims of the diluded. Oh, data what data....why let data and trends get in the way ...when a dude wants to contextualise IMTK Fianancial market prospects based on "free shares". Unfortunately and many beleaguered investors would bear testimony to the fact that this company remains a "Lame Duck" that would be better off sold.

Wigwammer, Is that the best response you can muster with the data presented ....Really!!!! I noticed the cult members started cheering with the massive 30+ rise which you didn't have to be Colombo to think it wasn't sustainable. Too many false dawns have come and gone with this company. The irony is that IMTK did fall short of their target during the last placing ....but as I said before ' god knows' what made investors pour more good money after bad. Investors, many having stumped up huge amounts must be shaking their heads and despite the good rises over the last few days....know it's not a good idea to count the chickens.

The company is a " Busted flush". Put any spin on it you like that's excatly what is it. Those that griped over themselves to to buy stocks in the recent 'rights issue' in some macabre vision of IMTK action would be the catalyst for a resurgence in company fortunes are delusional. "There is a reasonable top line here" really !!!!. You must be one of their lame marketing people. The company is listing and stumbling along with little sign of the positive growth and substantial grabbing of market share bellowed out to persuad desperate investors to stump up even more money to fall into the obis. In terms of the expense issue, my reference was to the entire expense programme which has been deem by many as exhirbitant. Of course that includes the CEO but also the other top table crew and senior sales executives. Adammark articulated the expense things in one of his posts but the figure was bizzare in comparison to similar sized operations. So they operate a generous expense/ incentive programme for what has been in reality years of failure .....yep that's the way to go isn't it.

The jury is still out. By the way ........its Johnny !!!!

Sometimes CEO's put money into a business ' as a show of strength and ambition' however, sometimes it's in act of desperation hoping against hope that their failing company will bounce as misguided investors equate this action as ultra positive. In context, 500k is less than chump change to a very wealthy CEO but if it prolongs the nonsense and a few more years questionable high expense claims ....then it's all good. Some people have a lot of money locked up in what at the outset was a company with huge potential ... now it's just a " busted flush" heading down the toilet I'm afraid.

Listen. lots of CEO's start off with good intentions and promise but in this case, Matt Cooper has shown a narcissistic business attitude that has blinded him and prevented rational business decisions being made. The company has regularly promised but consistently under-performed. God knows how they persuaded beleaguered investors to buy even more share in this failing company is totally beyond me. Cooper buying £500k of of shares has acted like " the kiss of death" to the company thus far. He consistent warded off potential bids from larger companies convinced that he should the one to bring IMTK to the pinnacle, but remember after Rob Terry and other commentators started to highlight amoung other things, the exorbitant expense bills and mascarading of figures which raised eyebrows. They have failed to make much impression on their target market despite having recognised market leading software. The company is running on empty and don't expect the next set of results to be anything other than disappointing.

Unfortunately IMTK is a lame dying duck brother. The share is heading for the obis I'm afraid.

Good post Isas, My 15k is not to be sneezed at but many of the stories told by other investors who literally placed all on the Black is very tragic, especially if they end up, like the rest of us with nothing. I wrote my money off until AR and the Action Group emerged. The BS would have been excellent.